After gaining an avg of 1.5 nights in 2021 vs 2019, Length of Stay dropped sharply in '22. Regardless of arrival date, bookings made in Oct were 0.09 nights longer than Oct '19, and Avg LOS for '22 is up just 0.3 nights, almost reversing the pandemic trend. @Inntopia
Pleased to join Beth (Jenkins) Washington for the Travel Weekly Folo podcast last week. Topic: The high cost of travel. https://t.co/DHzNShRLH5 @Inntopia
We've combined MTN, VTN, and Tuesday Trends into a new series called Destination Travel Trends with @InntopiaFoley breaking down the latest trends and Stacey Mullen aggregating key travel news. Learn more and subscribe (it's free). https://t.co/19HvftoQBS
Ongoing soft bookings, declining occupancy, and record room rate is a bad combination. The data are clear: consumers are pulling back vs pre-pandemic baselines in mountain resorts (forget vs 2021 surge). Our May 31 @Inntopia DestiMetrics report:
https://t.co/5UUPabFeBm
Occupancy up 11.7%. Room Rate up 25.3% and revenue up 40% - versus the record. December was incredible at West mountain resorts and Jan-Apr is much of the same. The @Inntopia Dec 31 DestiMetrics data are here https://t.co/Rk4bTDs0f3
As complexity of reopening destination resorts becomes clearer, hopes of doing so in May are diminishing for properties. 70% of closed properties expect to fully reopen June 1-15, a big increase. 10% are expecting May 1-15 and 13% May 16-31, both big declines. @Inntopia
Covid-19 and the Destination Travel market. What our March 3 survey of 300+ property managers and DMOs says, what we should expect in the days & weeks to-come, and data-driven guidance from past events.
https://t.co/lGcf1ehC3W
@jasonblevins gives us a great introduction to Big Snow, 16 stories / 1000' of indoor skiing in.... New Jersy. Is this the future of entry to the sport? https://t.co/tesA8NRJza
Summer '19 performance improved over the last 30 days in western mountain resorts. But whether the season ends up year-over-year will depend on October. Our latest from @Inntopia#DestiMetrics https://t.co/n7iy9dF3ru
"Inntopia's #Destimetrics reports keep us apace with market and industry #trends and allow micro-segmentation deployment in a #reactive mode to potentiate output at the resort," Andy Broderick, Area Director of Revenue for @AUBERGERESORTS. https://t.co/zzBoy42obk
Year-over-year winter 19/20 occupancy is down, room rate is slightly up, and revenue just below flat for lodging in the Southeast region. Here is the latest release from @Inntopia#DestiMetrics https://t.co/mzctNumcQD
@Inntopia analysts have been saying this for months. Lynn Franco of The Conference Board: "While confidence could continue hovering around current levels for months to come, at some point this continued uncertainty will begin to diminish consumers’ confidence in the expansion".
Very big news: Travel & hotel research giant STR acquired in strategic purchase for $450m by CoStar Group, a commercial real estate data analytics provider. https://t.co/GbdEuItJwS
@STR_Data@TheCoStarGroup
A panel of hoteliers agreed that Airbnb’s ability to sell experiences along with room rentals puts it ahead of the hotel industry in giving experience-minded guests what they really want.
https://t.co/B9mb0K53qm #hotelnews
4 questions to ask yourself regularly: 1) Who is seeing your data? 2) Is your data provider completely free of bias? 3) Is your data completely secure? 4) Is your data structured to well-established industry standards? If you're not 100% on ALL of these you've got a
problem.
A couple notable 2019 milestones for @Airbnb as Q1 room nights booked surpass Expedia & revenue grows at 30%. They're officially part of a triumvirate of channel leaders.